# Walker , Damo n (OST)

From : Makan i Ka i Helicopter s [schuman@makanikai.com ] Sent : Wednesday , Apri l 14 , 201 0 12:5 3 P M To : Walker , Damo n (OST ) Subject : Reportfro m Makan i Ka i Helicopter s Attachments : Report_from_Makani_Kai_Helicopters.xl s

Pleas e revie wth e attache d r^eport

. Fee l fre e t o contac tm e a t808-306-100 0 i fyo u hav e an y questions

. Than k you
. Richar d Schuma n

CI S6:4 9 A M

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## Makan i Ka i Helicopter s 

# Profi t & Los s Januar yth^^uSjl ^

Marc h 201 0 Income/Expens e Incom e AIRPLAN E INCOM E Uncategorlze d Incom e AIRCRAF TREPAI R HELICOPTE R OPS

. Gif tSho p Incom e MISC

. SAL E TOU R OPS

. Tota l Incom e

5 S Profi t
Expens e AIRPLAN E COS T Professiona l Developmen t OFFIC E SUPPLIE S UTILITIE S TRAVE L& EN T TELEPHON E Repair s REN T PROFESSIONA LFEE S Printin g an d Reproductio n INTERES TEXPENS E INSURANC E EQUIPMEN TRENTA L BAN KSERVIC E CHARGE S AUTOMOBIL E EXPENS E ADVERTISIN G HELICOPTE R COS T DRU G TESTIN G PROGRA M FEE S & PENALITIE S PAYROL LEXPENSE S PROFESSIONA LDEVELOPEMEN T REPAIR S & MAINTENANC E SUB-CONTRACTIN G FLIGHT S TOU R OP S Tota l Expens e
• 215,129.4 7 13.9 7 27,102.9 2 467,044.0 4 1,399.0 5 2,783.5 6 -149.8 0 713,323.2 1

713,323.2 1

-19,857.6 7 33.0 5 14,340.5 7 3,771.2 1 2,654.7 1 4,215.2 0 11,047.1 2 13,101.9 2 13,460.2 0 1,782.1 2 33,077.1 3 20,026.9 4 835.9 4 4,162.2 4 14,904.9 7 39,143.6 4 102,146.7 8 800.4 5 1,433.6 4 214,553.2 9 6,497.2 0 14,630.0 0 1,138.5 0 4,153.9 5 502,053.1 0

Ne tOrdinar yIncom e 211,270.1 1

Othe rIncome/Expens e Othe rIncom e INTERES TINCOM E 48.4 0

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Tota l Othe rIncom e 

## Makan i Ka i Helicopter s 

# Profi t & Los s Januar ythroug h Marc h 201 0

48.4 0

Othe rExpens e OTHE R EXPENSE S Tota l Othe rExpens e

Ne tOthe rIncom e 235.6 0 235.6 0

-187.2 0

Ne tIncom e 211,082.9 1

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ASSET S Curren tAsset s Checking/Saving s CHECKING-BO H Checkin g - Pacifi cRi m Ban k MAXI-MIZE R SAVINGS-BO H Tota l Checking/Saving s 

## Makan i Ka i Helicopter s 

# Balanc e Shee t

89,180.0 3 99,925.0 0 65,231.0 6 254,336.0 9

Account s Receivabl e ACCOUNT S RECEIVABL E Account s Receivabl e - Trad e Tota l Account s Receivabl e 235,172.6 7 -22,309.9 2 212,862.7 5

Othe rCurren tAsset s INVENTOR Y INVENTOR YASSE T OTHER S UNDEPOSITE D FUND S Tota l Othe rCurren tAsset s 98,044.8 4 -721.5 0 -100.0 0 8,599.9 4 105,823.2 8

Tota l Curren tAsset s 573,022.1 2

Fixe d Asset s AIRPLAN E Accumulate d Depreciatio n LEASEHOL D IMPROVEMENT S HELICOPTE R FIXE D ASSET S Tota l Fixe d Asset s 352,291.9 8 -2,693,771.0 7 1,047,577.0 1 2,799,588.4 8 778,812.0 9 2,284,498.4 9

Othe rAsset s Incom e Ta xReceivabl e - Federa l Incom e Ta xReceivabl e - Hawai i Deposit s LOA N T O G

. RICHAR D SCHUMA N GOODWIL L Accumulate d Amortizatio n Loa n Fee s Accumulate d Amorti z - Loa n Fee s Tota l Othe rAsset s 5,381.0 0 14,284.0 0 52,500.0 0 34,851.6 4 280,192.0 0 -207,994.0 0 46,254.4 5 -3,745.0 0 221,724.0 9

TOTA LASSET S 3,079,244.7 0

LIABILITIE S & EQUIT Y Liabilitie s

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Curren tLiabilitie s Account s Payabl e 

### ACCOUNT S PAYABL E ACCOUNT S PAYABL E - T/ R Tota l Account s Payabl e 

## Makan i Ka i Helicopter s 

# Balanc e Shee t Asi3?a!^|'9&31,201 0

118,273.0 0 2,780.2 3 121,053.2 3

Othe rCurren tLiabilitie s Interes tPayabl e CURREN TPORTIO N LT D Accrue d Liabilitie s PAYROL LLIABILITIE S SALE S TA XPAYABL E Tota l Othe rCurren tLiabilitie s 

### 6,581.0 5 127,000.0 0 5,000.0 0 

### 48,667.6 9 -4,546.7 6 182,701.9 8

Tota l Curren tLiabilitie s 

### 303,755.2 1

Lon g Ter m Liabilitie s NOT E PR B BUILDIN G - 3000000 9 762,465.5 2 LOA N FRO M G

. RICHAR D SCHUMA N 782,024.6 5 NOT E MINIBU S - PR B #2200005 0 21,582.4 3 NOT E PAYABL E - PR B HELICOPTE R 784,471.8 5 Not e Payabl e - BO H #246 6 585.6 9 Not e Payabl e - BU S BO H #235 7 12,339.1 7 Not e Payabl e - BU S BO H #228 1 9,186.6 7 NOT E PAYABL E - SB A14,826.6 6 LES S CURREN TPORTIO N LT D -127,000.0 0 NOT E PAYABL E 843,340.2 5 Tota l Lon g Ter m Liabilitie s 3,103,822.8 9

Tota l Liabilitie s 3,407,578.1 0
Equit y Capita l Stoc k RETAINE D EARNING S Ne tIncom e Tota l Equit y 20,000.0 0 -559,416.3 1 211,082.9 1 -328,333.4 0

TOTA LLIABILITIE S & EQUITY 

### 3,079,244.7 0

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Ordinar yIncome/Expens e

Incom e AIRPLAN E INCOM E Uncategorlze d Incom e AIRCRAF TREPAI R HELICOPTE R OPS

. Gif tSho p Incom e MISC

. INCOM E MISC

. SAL E Tota l Incom e

Gros s Profi t 

## Makan i Ka i Helicopter s Profi t& Los s Januar yJhrouahLDecembe r200 9

38,458.4 0 77.5 9 92,403.6 8 1,780,962.1 0 5,693.1 7 2,500.0 0 4,711.1 5 1,924,806.0 9

1,924,806.0 9
Expens e AIRPLAN E COS T168,397.9 0 BA D DEBT S 41.9 9 TAXE S -24,753.5 9 Professiona l Developmen t0.0 0 OFFIC E SUPPLIE S 40,056.4 5 UTILITIE S 14,709.0 7 TRAVE L& EN T27,970.2 4 TELEPHON E 15,296.8 7 Repair s 25,302.1 7 REN T52,407.6 8 PROFESSIONA LFEE S 66,021.3 4 Printin g an d Reproductio n 10,212.4 9 LICENSE S AN D PERMIT S 25.0 0 INTERES TEXPENS E 146,039.9 8 INSURANC E 91,558.2 3 EQUIPMEN TRENTA L3,660.7 3 BAN KSERVIC E CHARGE S 14,630.5 7 AUTOMOBIL E EXPENS E 58,038.4 8 ADVERTISIN G 128,530.9 5 HELICOPTE R COS T551,374.5 1 DRU G TESTIN G PROGRA M 2,197.6 4 FEE S & PENALITIE S 2,173.5 2 PAYROL LEXPENSE S 662,741.8 5 PROFESSIONA LDEVELOPEMEN T19,743.7 4 REPAIR S & MAINTENANC E 30,581.6 2 SUB-CONTRACTIN G FLIGHT S 15,598.5 5 TOU R OP S 19,066.5 5 Tota l Expens e 2,141,624.5 3

Ne tOrdinar yIncom e -216,818.4 4

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## Makan i Ka i Helicopter s 

# Profi t & Los s Januar ythrouahLDecembe r200 9

othe rIncome/Expens e Othe rIncom e INTERES TINCOM E Tota l Othe rIncom e 696.4 3 696.4 3

Othe rExpens e OTHE R EXPENSE S Tota l Othe rExpens e

Ne tOthe rIncom e 1,046.9 2 1,046.9 2

-350.4 9

Ne tIncom e -217,168.9 3

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ASSET S Curren tAsset s Checking/Saving s CHECKING-BO H Checkin g - Pacifi cRi m Ban k MAXI-MIZE R SAVINGS-BO H Tota l Checking/Saving s 

## Makan i Ka i Helicopter s 

# Balanc e Shee t A s o fj)e^^r|j^e r31 , 200 9

96,482.0 0 99,925.0 0 102,223.6 6 298,630.6 6

Account s Receivabl e ACCOUNT S RECEIVABL E Account s Receivabl e - Trad e Tota l Account s Receivabl e 119,514.4 7 -22,309.9 2 97,204.5 5

Othe rCurren tAsset s INVENTOR Y INVENTOR YASSE T OTHER S UNDEPOSITE D FUND S Tota l Othe rCurren tAsset s

Tota l Curren t Asset s 97,082.9 4 -721.5 0 -100.0 0 6,320.2 6 102,581.7 0

498,416.9 1

Fixe d Asset s AIRPLAN E Accumulate d Depreciatio n LEASEHOL D IMPROVEMENT S HELICOPTE R FIXE D ASSET S Tota l Fixe d Asset s 300,000.0 0 -2,693,771.0 7 1,047,577.0 1 2,799,588.4 8 741,021.0 9 2,194,415.5 1

Othe rAsset s Incom e Ta xReceivabl e - Federa l Incom e Ta xReceivabl e - Hawai i Deposit s LOA N T O G

. RICHAR D SCHUMA N GOODWIL L Accumulate d Amortizatio n Loa n Fee s Accumulate d Amorti z - Loa n Fee s Tota l Othe rAsset s 5,381.0 0 14,284.0 0 52,500.0 0 34,851.6 4 280,192.0 0 -207,994.0 0 46,254.4 5 -3,745.0 0 221,724.0 9

TOTA LASSET S 2,914,556.5 1

LIABILITIE S & EQUITY Liabilitie s

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Curren tLiabilitie s Account s Payabl e ACCOUNT S PAYABL E ACCOUNT S PAYABL E - T/ R Tota l Account s Payabl e 

# Makan i Ka i Helicopter s Balanc e Shee t

128,322.4 0 2,780.2 3 131,102.6 3

Othe rCurren tLiabilitie s Interes tPayabl e CURREN TPORTIO N LT D Accrue d Liabilitie s PAYROL LLIABILITIE S SALE S TA XPAYABL E Tota l Othe rCurren tLiabilitie s 6,581.0 5 127,000.0 0 5,000.0 0 45,878.9 1 -4,462.5 8 179,997.3 8

Tota l Curren tLiabilitie s 311,100.0 1

Lon g Ter m Liabilitie s NOT E PR B BUILDIN G - 3000000 9 769,819.6 5 LOA N FRO M G

. RICHAR D SCHUMA N 793,986.6 2 NOT E MINIBU S - PR B #2200005 0 23,106.2 8 NOT E PAYABL E - PR B HELICOPTE R 794,808.3 6 Not e Payabl e - BO H #246 6 585.6 9 Not e Payabl e - BU S BO H #235 7 15,663.2 3 Not e Payabl e - BU S BO H #228 1 12,311.9 2 NOT E PAYABL E - SB A16,250.8 1 LES S CURREN TPORTIO N LT D -127,000.0 0 NOT E PAYABL E 843,340.2 5 Tota l Lon g Ter m Liabilitie s 3,142,872.8 1

Tota l Liabilitie s 3,453,972.8 2
Equit y Capita l Stoc k RETAINE D EARNING S Ne tIncom e Tota l Equit y 20,000.0 0 -342,247.3 8 -217,168.9 3 -539,416.3 1

TOTA LLIABILITIE S & EQUIT Y 2,914,556.5 1

Pag e 2 o f2

# SCHUMA NAVIATIO NCOMPANY , LT D 13 0 lOLAN APLACB , HONOLUL U, H I9681 9 808-834-581 3 FA X808-837-786 7 EMAI LKichardemakanlkai.co m



## Aprilig , 201 0 Damo n Walke r Docke tOperation s 120 0 Ne wJerse yAv e S E R m W12-14 0 Washington , DC

. 2059 0 DocketDOT-OST-2010-000 6 RE : Regardin g availabl e fund s i n Ban k Accounts Dea rMr

. Walke r Regardin g th e company' s abilityt o meetth e Departmen to fTransportatio n requiremen to fhavin g fund s availabl e t o mee

to fou rfirs tyear

s quarterl yoperatin g expense s o n hand , approximatel y$390,000, 1 ca n assure th e departmen tthatmycompan yca n an d wil l meetthi s financia l fitnes s test

. O n behal fo

fmysel fa s Presiden tan d 100 % owne ro fSchuma n Aviatio n Compan yLtd , I stat e thatwhateve r th e amoun to

fcas h i s require d t o meetthi s requiremen tatth e tim e an d o rbefore certification , I wil l assur e th e fund s wil l b e mad e availabl e an d wil l b e supporte d reliabl e documentatio n fro m a bank

. As myrecor

d shows , I hav

e continue d t o operat e i n th e helicopte rbusines s despit e a difficul teconomy
. I hav e alway s ste p u p t o myobligations

. Sincerel y

Richar d Schuma n Presiden t

Pursuan tt o titl e 1 8 Unite d State s Cod e sectio n 1001, 1 Richar d Schuman , Presiden t o fSchuma n Aviatio n Company , Ltd , i n m yindividua l capacit yan d as th e authorize d representativ e o fth e applicant , hav e no t i n an ymanne rl<nowingl yan d willfull yfalsified , conceale d o rcovere d u p an ymateria l fac to rmad e an yfalse , fictitious , o rfraudulen t statemen t o r knowingl yuse d an ydocument s whic h contai n suc h statement s i n connectio n wit h th e preparation , filing , o rprosecutio n o f th e application

. I understan d tha ta n Individua l wh o i s foun d t o hav e violate d th e provision s o f1 8 U.S. C section s 100 1 shal l b e fine d no rmor e tha n $10,00 0 o rimprisone d no tmor e tha n fiv e years , o rboth

.

Makan i Ka i Helicopter s - Makan i Ka i Ai rCliarter s - K o Olin a Helicopter s - Pacifi cAi rExpres s - Hawai i Aviatio n Service s